Saudi Arabia is pouring some of its oil wealth into huge solar power schemes

Fascinating comments from Ali Al-Naimi, Saudi Arabian oil minister, acknowledging that the kingdom needs to face up to a future without hydrocarbon.

Saudi is pouring some of its oil wealth into huge solar power schemes and claims that it will be a net exporter of electricity.

Saudi Arabia has land, the advanced infrastructure and all the sunshine required to generate huge amounts electricity without burning the hydrocarbons on which its enormous wealth is founded.

The world's energy map is changing…

Read more at the Financial Times.